Asset Manager News & Perspectives

May 8, 2018

Lightstone Executive Announces Resignation

On May 7, 2018, Donna Brandin, Executive Vice President and Chief Financial Officer of The Lightstone Group announced that she will be leaving Lightstone during the final year of her employment contract to pursue other opportunities.

May 8, 2018

Griffin Acquires Large Shaw Asset, Replaces DreamWorks Disposition

On May 7, Griffin Capital Essential Asset REIT, Inc. announced its acquisition of the Shaw Distribution Center - Northport Building C located in Savannah, Georgia for $56.5 million.

May 8, 2018

Resource Income Opportunity REIT to Liquidate

In an 8-K filed May 8, Resource Income Opportunity REIT, Inc. (the “Company”) terminated its offering of up to $1.1 billion in shares of common stock, par value $0.01 per share, to be sold pursuant to its public primary offering and distribution reinvestment plan.

May 8, 2018

Significant Carter Validus Mission Critical REIT Tenant Declares Bankruptcy

On May 4, 2018, Bay Area Regional Medical Center, LLC ("Bay Area"), a tenant of Carter Validus Mission Critical REIT, Inc. (“the Company”) announced in a press release that it is closing its operations on May 10, 2018, and filing for bankruptcy in the near term.

May 7, 2018

Black Creek Group Names Raj Dhanda as First CEO

Black Creek Group, a Denver-based real estate investment management firm with approximately $7.9 billion in US assets under management, announced the appointment of Raj Dhanda as its first chief executive officer.

May 2, 2018

Strategic Student & Senior Housing Trust, Inc. IPO Declared Effective

Strategic Student & Senior Housing Trust Inc., a publicly registered non-traded real estate investment trust sponsored by SmartStop Asset Management LLC, announced that its initial public offering of approximately $1.1 billion in shares of common stock was declared effective by the SEC on May 1, 2018.